$995,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$995,000 Reduced -$205,000
211 Elm Street
Galena, MO 65656
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/ASqFt
  • 1960Year Built
  • 0.60Acres
  • MLS# 60270988
  • Multifamily
  • Apartment Building
  • Active

  • Approx Time on Market2 months, 20 days
  • AreaN/A
  • CountyStone
  • SubdivisionStone-not In List

Overview

MAJOR PRICE REDUCTION!! Amazing investment opportunity, this 12 unit multi-family complex is nestled in the Ozarks just off the James River and minutes (literally like two) away from James River Outfitters Campground! Consisting of 6 studio, 3 one bed, and 3 two bed units the complex has been remodeled within the last 5 years with interior upgrades, separate HVAC units, hot water tanks, electrical, fire walls, and newer roof. Also on property is a 3/2 home that is currently being used as storage, but could be remodeled for an addition unit! Onsite laundry facility on property is another benefit to the tenants plus an addition source of income for the owner. Currently being used as long term rental, but no zoning restrictions for usage as nightly rentals! Here is the best part, this property is already rented at top market value, so the current owners have done the hard work for you! Flood Insurance is not required. All on city water and sewer.



Association Fees / Info

Hoa:  No

Bathroom Info

Baths Each Unit:  1

Building Info

Roofing Material:  Metal

New Or Under Construction:  No

Year Built:  1,960

Amenities:  Central Laundry

Transaction Type:  Sale

Financial

Type of Tenancy:  Lease, Monthly

Flood Insurance:  Not Required

Bed Units Price:  Over $450

One Bed Units Price:  Over $350

Yearly Net Oper Inc:  Over $25,000

Garage / Parking

Parking:  One Per Unit

Interior Features

Lot Info

Acres:  0.60

Marina Info

Misc

Miscellaneous:  Fire Walls, Smoke Detector

Inside City Limits:  Yes

Other

Foreclosure:  No

Property Info

View:  No

Buildings:  Two Buildings

Zoning:  N/A

County:  Stone

Property Type:  B

View:  City, River

Sale / Lease Info

Will Sell:  Cash,Conventional

Financing:  Cash, Conventional

Possession:  At Closing

SqFt Info

Sqft Finshd Unfnshd:  5000 or more

Tax Info

Tax Year:  2,023

Re Tax Provided By:  Assessor Records

Unit Info

Num Units:  12

Utilities / HVAC

Water:  City Water

Heating:  Central

Cooling:  Central, Wall Unit

Sewer:  City Sewer

Utilities:  City, Electricity, High Speed Internet Access, Separate Meters, Sewer, Tenant Pays Part, Water

Waterfront / Water

Lake River:  James River

Waterfront View:  View

Schools

Elem:  Galena

Middle:  Galena

High:  Galena

Courtesy of listing office RE/MAX House of Brokers 

Mortgage Calculator

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Price & Status History (on colecurrier.com since Tue, Jun 18th 2024)
  • Original Price: $1,200,000
  • Current Price: $995,000
  • Price Reduced: $205,000
Date ChangedFromTo
08/08/2024$1,200,000 $995,000 Reduced by $205,000

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